Binance co-founder Changpeng “CZ” Zhao agreed Monday to advise Pakistan’s recently formed Crypto Council amid the nation’s push to attract foreign investors. Zhao will guide the council’s efforts to advance Pakistan’s crypto “regulations, infrastructure, education, and adoption,” Bloomberg Law’s Islamabad correspondent reported. The group of Pakistani policymakers aims to promote regulatory clarity on digital assets to “unlock the full potential…
Bitcoin (BTC) made a sharp comeback and is trading near the $78,000 level. The largest cryptocurrency by market capitalization tumbled below the psychological support of $80,000 after the US stock futures market opened sharply lower on April 6. The selling continued on April 7, and Bitcoin hit a new year-to-date low of $74,508, but lower levels attracted solid buying by…
The dominant cryptocurrency tumbled all the way to $74K before reclaiming $78K around midday Monday. BTC Price Seesaws as Macro Uncertainty Intensifies President Donald Trump’s aggressive tariff policies continued to wreak havoc on markets, sending bitcoin to its lowest levels since early November 2024, although altcoins tumbled lower, giving BTC an edge in market capitalization […] Source: https://news.bitcoin.com/bitcoin-plummets-then-surges-in-rollercoaster-trading-session/
Global financial markets continued to tumble on April 7, as US equities dropped more than 3%, wiping more than $2 trillion in value on market open. The pullback saw the S&P 500 drop 2.79%, with the index officially entering a bear market, following a 20% decline from its recent all-time highs. However, the SPX momentarily rallied by 6% after a…
The official “Statement on Stablecoins” was issued by the SEC’s Division of Corporation Finance on Friday as “part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets.” Regulatory Clarity: SEC Publishes Updated Stablecoin Standards The U.S. Securities and Exchange Commission (SEC) issued on Friday a landmark […] Source: https://news.bitcoin.com/sec-issues-clarified-stance-on-stablecoin-regulation/
Crypto markets tanked Monday after traders spooked by President Trump’s trade war quickly sold off risk assets. But one token is rising above the chaos: the Solana-based meme coin, Fartcoin. The asset has jumped by about 10% over the past 24 hours, CoinGecko data shows, and was recently trading hands for close to $0.49. At one point on Monday morning…
Peter Schiff has suggested that China resolve its trade deficit with the U.S. by dumping its U.S. Treasuries and dollars, then using the proceeds to buy gold to back a revalued yuan. Schiff: Dumping U.S. Debt Would Benefit Chinese Consumers Economist Peter Schiff has urged China to resolve its trade deficit with the United States […] Source: https://news.bitcoin.com/schiff-urges-china-to-crash-dollar-buy-gold-amid-trade-war/
Former Binance CEO Changpeng “CZ” Zhao has been appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets. The appointment was confirmed by Pakistan’s finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on cryptocurrency regulation, infrastructure and adoption,…
SHANGHAI, April 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a rapidly expanding leader in Bitcoin mining, announced its production update for its crypto mining business for March 2025, highlighting significant growth in Bitcoin production. In March 2025, Cango produced a total of 530.1 Bitcoins, representing a 12% increase compared to 472.7 Bitcoins produced in February 2025. The…
Strategy is not expecting a first-quarter profit, given billions of dollars in unrealized losses on its Bitcoin holdings, the company said on Monday. The Tysons, Virginia-based firm—formerly known as MicroStrategy—said the value of its Bitcoin holdings fell $5.91 billion on paper in the first quarter, according to a filing with the Securities and Exchange Commission. “We may not be able…
